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20 Piastres/Dollars

Issuer Gore Bank of Hamilton
Year
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Composition Cotton paper
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Obverse lettering Gore Bank of Hamilton
Province of Upper Canada
VINGT PIASTRES
ZWANZIG DOLLAR
Will pay to or bearer
Five Pounds Currency
on demand at their Office Hamilton
No.
Cash.
Pres.
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Reverse lettering 20
20
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Comments

The Gore Bank of Hamilton was chartered in 1835 and operated until its absorption by the Canadian Bank of Commerce in 1870. A 20 piastres denomination is a direct product of the bilingual currency confusion that defined Upper Canada commerce in the early Victorian period — piastres and dollars were used interchangeably to describe the same unit, a hangover from the Spanish milled dollar that had circulated widely alongside British sterling and local Halifax currency.

Hamilton was still a modest lakehead town when the Gore Bank opened. That a chartered bank there would issue paper in this dual-denomination format reflects just how unsettled the monetary arithmetic of the province remained before the 1841 currency reforms began to impose order.

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